10 Metros Offering the Biggest Discounts on Distressed Residential Properties

As the U.S. economy continues to improve and the volume of distressed properties on the market dwindles, investors may need some help finding places where they can still benefit from discount pricing. To help them in that task RealtyTrac, an Irvine, Calif.-based firm that provides housing data and analytics, recently put together a list of markets that offer the biggest discounts on distressed residential properties, based on the percentage difference between the median prices of non-distressed and distressed assets, which include properties in active foreclosure or that are bank-owned. The firm’s research team looked at sales prices for both single-family homes and condos and came up with the following list. According to Daren Blomquist, vice president with RealtyTrac, “Metros with the biggest discounts were those with a population of at least 500,000.”

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